Post by
Retiredgeo on Nov 18, 2023 6:09pm
Market terms
Most investors buy a stock and sell it at a later date. This is called going long. If you have a shorter account you can borrow shares from a brokerage and then sell them on the condition that you replace these shares at market price when the brokerage so demands. This called shorting. It is a very common type of derivatives trading. Ideally, a shorter wants the stock to go down so they can replace the shares at a lower price. Shorters will do anything they can to drive a stock down - a litany of lies, misinformation, disinformation and assorted B.S. They hire people called shorter trolls to spread their garbage. Sometimes shorters will gang up on a particular stock on a particular day. This is called a shorter attack. Some market players are professional shorters. Sometimes brokerages will short shares they don't yet own. This is called naked shorting. It is now illegal in Canada but it is very difficult to stop.
Does any of this sound familiar?
Comment by
rgvgolf on Nov 19, 2023 7:46pm
Your bang on Retiredgeo . Thx for explaining to those that dont understand . This activity of naked shorts is generally done to co.s that have a market cap less than 2 billion. Surelooks like this is the case with nfg.Check out Roger Hamilton interview with Wes Christain who fights Wall street share manipulation. GNS genius group fraud on wallstreet
Comment by
Retiredgeo on Nov 20, 2023 6:12am
I was referring more to Bucc and his friends. I doubt that there is the volume on NFG these days for any significant naked shorting. Did it happen back in 2021? There were days when the share price fell significantly for no reason.